Parr Street Studios (still) for sale

The iconic Liverpool studio originally went on the market in August of last year, but its asking price has now dropped by more than £1 million after having received only two “cheeky” offers.
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Parr Street Studios and Hotel in Liverpool is up for sale, and – according to the Liverpool Echo – is now more than £1 million cheaper than its original asking price of £2.95 million when it first went on the market in August of last year. The newspaper reports that City councilor Gary Millar, one of the three co-owners of the venue, confessed that only two “cheeky” offers had been received for the studio since it went on sale. Millar, along with Steve Macfarlane and Thomas Lang, bought the studio in 2006 from previous owners Hit and Run – a company part-owned by Phil Collins along with other members of Genesis – to save the property from being converted into luxury apartments. The sale comes at the end of an agreed five-year plan, which involved the successful introduction of new office space, the hotel and second bar. "We are seeking buyers who, like us, will be sympathetic to the nature of the building and its tenants. We have done what we can in the last six years and now it’s time for someone else to take Parr Street Studios to the next level," said Millar. In a recent company release, Millar indicates that despite the economic climate, the studio and hotel is being sold as a successful, on-going concern. This is the second major studio sale announced in the UK recently, with Air Studios having been put on the market recently by Air Entertainment Group chairman Richard Boote. Throughout its history, Parr Street Studios has been used by an impressive list of recording artists, including: 808 State, Atomic Kitten, Badly Drawn Boy, Barry Manilow, Beautiful South, Bjork, Black Sabbath, Buzzcocks, China Crisis, Coldplay, Diana Ross, Echo & the Bunnymen, The Farm, Gomez, Grace Jones, Inspiral Carpets, Killing Joke, Lightning Seeds, Mansun, Marillion, Moby, Napalm Death, New Model Army, New Order, OMD, Pete Wylie, Rihanna, Royal Philharmonic Orchestra, Simply Red, Snow Patrol, Sophie Ellis Bextor, Spice Girls, Space Monkeys, Starsailor, Super Furry Animals, Stereophonics, Stone Roses, The Stranglers, Take That and Verve. The piano used to compose and record ‘Yellow’ by Coldplay – complete with Chris Martin graffiti – is also included in the sale. www.parrstreet.co.uk

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